McDermott was on the fence about the decision as recently as earlier this week. Some of that indecisiveness may have had to do with the fact that McDermott reportedly received a second-round draft pick projection, which meant he would not have guaranteed money.

Now, he'll have another year in school to work on his game and improve his draft stock.

The 6-8, 225-pound All-America was the country's second-leading scorer with 23.2 points per game and 7.7 rebounds, and connected on 49 percent of his three-point attempts.

McDermott, the player of the year in the Missouri Valley Conference, is the son of Creighton coach Greg McDermott.